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Admicom

32.85 EUR

-1.20 %

7,274 following
Corporate customer

ADMCM

First North Finland

Software

Technology

-1.20 %
-26.51 %
-23.78 %
-23.43 %
-30.11 %
-35.96 %
-23.69 %
-71.18 %
+207.01 %

Admicom operates in the IT sector. The company develops cloud-based services that mainly concern administration, accounting, payroll and project management. In addition to its main business, it offers training and customer support. Its customers are small and medium-sized corporate customers, with the largest operations in construction and industry. The head office is located in Jyväskylä.

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Market cap
164.89M EUR
Turnover
462.6K EUR
P/E (adj.) (26e)
15.29
EV/EBIT (adj.) (26e)
11.21
EV/S (26e)
3.63
Dividend yield-% (26e)
1.22 %
Coverage
Recommendation
Buy
Target price
55.00 EUR
Updated
2026-01-21
Disclaimer
Atte Riikola
Atte Riikola

Analyst

Latest research

Latest analysis report

Released: 2026-01-21

Latest extensive report

Released: 2026-01-16

Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
17/3
2026

General meeting '26

14/4
2026

Business review Q1'26

8/7
2026

Interim report Q2'26

Risk
Business risk
Valuation risk
Low
High
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Admicom: The Future of SaaS – Facts, Outlook and Live Q&A
Webcast

Admicom: The Future of SaaS – Facts, Outlook and Live Q&A

Admicom will host an information session on Thursday, 26 February at 11:00 am EET to address market concerns about the future of SaaS companies and to share Admicom’s perspective on the impact of artificial intelligence on business.

Admicom

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Admicom Capital Markets Day 2025
Webcast

Admicom Capital Markets Day 2025

Admicom’s Capital Markets Day will be held on December 2, 2025 at 10 a.m. EET. In the event we will discuss our strategic development and direction for the future.

Admicom
Forum discussions
Having reflected on this for nearly the entire weekend, I’ll lay out some of my own thoughts on the impact of AI on Admicom and other vertical SaaS companies. Feel free (and encouraged) to challenge me, let it rip. I see a couple of scenarios that could come true. If Admicom “remains...
2/16/2026, 10:16 PM
by Wildchild
46
I wasn’t the only one thinking that perhaps the company could, in addition to just a briefing, take advantage of the opportunity and conduct share buybacks to reassure investors of the company’s long-term attractiveness. Thomas Nielsen from First Fondene on X. https://x.com/Th__Nielsen...
2/18/2026, 10:28 AM
by Tyhjätasku
29
In the recent Lemonsoft update, I commented on how I don’t currently see the threat of AI as very high from the perspective of SME ERP providers. In my view, the same points apply fully to Admicom, whose valuation has also been beaten down to a historically low level.
12 hours ago
by Atte Riikola
24
The non-existent ownership by management is one of the few, but clearly the biggest red flag for me in Admicom. This makes me a bit cautious about the stock as well. There is ONE person in the leadership team who has any ownership to speak of. Occasionally, you hear excuses that ...
4 hours ago
by BoomDriver
12
In my opinion, at this valuation level, the market expects practically nothing from Admicom, and there is hardly any growth priced in; the '26e EV/EBIT is under 12. Valuation multiples have certainly come down deservedly, but I still see this as an overshoot to the downside. If you...
12 hours ago
by Mälkiä
11
Operating profit growth is baked into that 2026 forecast. You can load as much upside into forecasts as you want. I could make Kesko’s '26e EV/EBIT look like 12 too if I wanted. And the point isn’t to claim that the forecasts are wrong, but that the actual outcome can eventually ...
11 hours ago
by Blackparta
10
The adjusted operating profit in our reports is effectively EBITA, as it has been adjusted for goodwill amortization from acquisitions, which the company records in accordance with FAS accounting.
11 hours ago
by Atte Riikola
9
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